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Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
 “ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which we forecast will grow by 10.5% y/y in 2012. The US has been the leader, with exports increasing by 58% (up by 9 Mt) in H1 12, effectively exporting some of the energy surplus it had built up owing to a rise in shale gas extraction,” according to Barclays's Coal and freight quarterly report, that released last week.
The strong supply side has stimulated demand, with European takes up by some 7 Mt in the first four months as both the UK and Spain saw coal plant aggressively pushing out gas plant from the merit-orders. 2012 looks like it will be a high point for coal imports as environmental legislation should bring back some gas demand in 2013 and 2014, said Barclays's commodities researchers Trevor Sikorski, Miswin Mahesh & Sijin Cheng , in their latest market research report.
The Barclays’s report further pin pointed that, in the Pacific Basin, demand growth focused on China, which saw imports rise by 29% y/y, despite both very healthy additions to domestic production and a marked slowing of growth rates. The result of such high imports against a relatively modest demand background was eventually heavy pressure on Chinese domestic prices, a big build in inventories, and periods where additional imports have been turned away on contract default.
Barclays further said in its analysis report, global steam coal markets have softened since the start of the year (by around 18%). However, Barclays noted that over the last few months European delivered coal has been broadly stable at around 90 $/t. At this level, prices are now hovering around the marginal costs of the highest-cost exporters (Russia and the US) in the Atlantic Basin, and there are reports (McCloskey) that a number of Indonesian producers are starting to curtail production. While this is likely to limit potential downside, the inventory builds and modest Pacific demand side suggest limited upside, barring a significant weather or supply-side event.
Barclays revised its price outlook for CIF ARA forecasts and FOB Richards Bay prices by 1-3%.
Barclays’s price forecast for Newcastle coal has also been written down the most to average 96 $/t in 2012 (down 8.5% from their previous forecast of 105 $/t) and 94 $/t in 2013 (down 13% from 108 $/t), reflecting the impact of a slowdown in Chinese growth and the China’s current healthy inventories of coal.
Last week an Indonesian securites, Bahana Securities forecasted 2013 coal prices at USD 85 / ton, around US$ 12.00 or 12.37 percent below its 2012 price forecasts. Bahana believes upside potential on coal price remains limited due to weak coal demand. Hence, Bahana maintains its 2012 average coal benchmark price at USD 97/ton, and forecasted prices for 2013 far lesser than 2012 price.
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Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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Showing 4491 to 4495 news of total 6871 |
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- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Planning Commission, India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
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